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Rhizolith Reborn's avatar

"Apparently, the point was not received."

Shot a lawyer just to watch him die.

I nominate this phrase for Wonkette memedom next to canned clams and those cakes we like.

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GoldStar's avatar

First, thank you Wonkette. This is a beautifully written and highly informative. I only hope the snarkfest that will follow reflects the same level of quality.

Second, and someone please correct me, could this not be the death knell for a lot more than trump's scuzzy New York business? Hear me out wonks -

For decades trump's been borrowing money based on the inflated values of the real estate he bought when he actually had some of his inherited wealth left. Most real estate developers borrow to reinvest, trump borrowed to fund his faux billionaire lifestyle.

Ma-ra-lardo loses money, his golf clubs lose money, everything he touches of course loses money. It didn't matter in the past because the loans on real assets - largely in New York - were much bigger than the operating losses. All he had to do was pay off one loan and take out another larger loan based on an even more fictitious valuation. Hey presto he's temporarily rich again.

And now it's all over.

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